The Peer 80 rule means you may qualify to retire when your age plus your years of service equals 80. For example, if you are 55 years old with 25 years of service, you’ve met the Peer 80 requirement. This rule applies to full-time UPS employees under the Western Conference of Teamsters Pension Trust (WCTP). It's important to note that qualifying under Peer 80 does not automatically reduce your pension benefit—the amount you receive is based on your total hours worked and contributions. Working additional years past Peer 80 can increase your monthly benefit.

The Peer 84 rule applies to part-time UPS employees participating in the Western Conference of Teamsters Pension Trust (WCTP). Under this rule, you may qualify to retire when your age plus years of service equal 84. For example, someone who is 60 years old with 24 years of part-time service would qualify. Like full-time employees, your pension amount depends on the total number of hours worked and contributions made on your behalf—not just your age or service.

Yes. You can begin receiving your pension as early as age 55 if you meet service requirements, though your monthly amount will be reduced for early retirement.

No. The Teamsters pension is a lifetime monthly benefit—there is no lump sum option.

You can choose from Single Life Annuity, 50% Joint & Survivor, 100% Joint & Survivor, or 10-Year Certain & Life. Each has different income and survivor benefits.

Yes, your monthly pension payments are considered ordinary income and are subject to federal (and sometimes state) taxes.

Yes, you pay into Social Security through payroll taxes, and you’re eligible for full Social Security benefits in addition to your pension.

Your pension provides a fixed monthly income for life, funded by UPS. Your 401(k) is an employee-directed savings plan that allows you to invest and grow your own retirement funds.

Yes. You can split your contributions between Traditional (pre-tax) and Roth (after-tax) options to create tax diversification in retirement.

Yes. You can adjust your investment choices at any time through the plan provider, and you may also have access to a self-directed brokerage account with expanded options.

Yes. You can roll your 401(k) into an IRA or your new employer’s plan once you leave UPS, allowing for continued tax-deferred or tax-free growth.

Yes. The UPS 401(k) Savings Plan, administered by Empower, includes a Self-Directed Brokerage Account (SDBA) option. This allows participants to invest in a broader range of mutual funds, ETFs, and individual stocks beyond the core plan offerings. It’s ideal for employees who want more control over their investments.

Yes. The 401(k) Optimizer platform can integrate with your UPS 401(k) account through Empower. It helps you manage your investment allocations with professional guidance tailored to your plan's specific fund lineup. We can help you set it up and align it with your retirement goals.

You can request a formal estimate from www.wctpension.org or by calling (800) 531-1489.

Yes—if you choose a Joint & Survivor option. You can also opt for a 10-Year Certain payout to cover your spouse or beneficiary for a minimum time.

Yes, but you may be subject to restrictions if the job is covered by the same union plan. Always check with the pension office before working in a similar industry.